ANNOUNCEMENT 01 Feb 2012

February 2012 - The Chinese government announced the minimum purchase price of rice would increase for the year.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

PRC National Development and Reform Commission, February 2012. (发改电[2012]17号)
http://zfxxgk.ndrc.gov.cn/PublicItemView.aspx?ItemID=%7b0bb6980f-2103-496d-bd3e-ff05e848f1ed%7d

Inception date: 01 Jan 2012 | Removal date: 31 Dec 2012

Price stabilisation

In February 2012, China's National Development and Reform Commission announced the minimum state purchase price of rice would change thus:

Key - Type: price USD, CNY (change USD, CNY)

  • Early season: 380.34, 2400 (57.05, 360)
  • Mid-late season: 396.18, 2500 (57.05, 360)
  • Japonica: 443.73, 2800 (38.03, 240)

N.B.: All prices are per tonne.

The minimum state purchase price is the amount at which the government buys rice from farmers at the minimum price when the market price drops below that level.

AFFECTED SECTORS

 
011

AFFECTED PRODUCTS

 
100610